Sika to Acquire Certain Assets of Group Industrial Alce
December 14, 2017
Sika has agreed to acquire certain assets of Grupo Industrial Alce in Mexico. According to Sika, the company will extend its range of solutions for roofing and waterproofing customers, expanding its manufacturing footprint in Mexico to better serve the Mexico City metropolitan area.
The product offerings of the two companies are highly complementary and will allow Sika to become market leader in bituminous membranes and number two in liquid‐applied membranes in the fast‐growing Mexican market, the company stated. Additionally, the production facility located close to Mexico City is a geographical fit that fully aligns with Sika’s strategy to expand its presence and local supply chain in growing markets, the company reported.
“Already having a strong position in the distribution sales channels, the addition of the acquired highly recognized brands will increase our penetration into key projects and support our growth strategy,” said José Luis Vázquez, regional manager Latin America. “The added production capacity will also enable Sika Mexico to expand its portfolio of locally produced solutions for roofing and waterproofing.”